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economic-chaos-international-expatmoves

Economic Chaos Globally

Unleaded Petrol 98 Super (Dhs/Litre)

Old price 1.83, New Price 2.25 – increase 23%

Unleaded 95 Special (Dhs/Litre)

Old price 1.72, New Price 2.24 – increase 24%

Super- 2.25 x 3.78541 litres = Dhs 8.518 per gallon, which when converted to US Dollars is 2.32.

Current average cost of petrol in US as of today is approx. USD2.5

Therefore UAE fuel costs are virtually on a par with US!

Surprised me, how about you? 

Stock Market woes, particularly in China, credit is unwinding, margin calls, forced selling, Oil prices lowest in 6 years, China’s slowing economy along with their currency devaluation, more uncertainty in Greece (they are broke), Russian Ruble at 7 month low, the list goes on. Will all this lead to economic chaos globally? Will it happen in September? Are we in danger of talking ourselves into another collapse?

Is there any positives to what is/may happen?

One thing that hits me in the face at troubled times like these, is peoples fear.

Fear of what may happen, fear of losing everything, fear of the future……..

False

Evidence

Appearing

Real

I say, get over it, as fear is an opportunity!

Economy cleans out excessive debt and spending

Hard times force us (consumers) to regain control of our budgets

Buy good investments at low prices, once the chaos is over they can make huge profits

Corporations are forced to clean up their balance sheets.

Always look on the bright side of life…………..now I’m off to stock up on tinned food and bottle water –  just in case J

Summary
Article Name
Expatmoves Provide Globle Financial Report Investment Dubai
Description
Buy good investments at low prices, once the chaos is over they can make huge profits. Corporations are forced to clean up their balance sheets.

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